Woods, Mickelson setting up $10M head-to-head

Phil Mickelson (L) and Tiger Woods talk as they prepare to putt on the 16th green during a practice round prior to the Masters golf tournament on April 3 at the Augusta National Golf Club in Augusta, Ga. Photo by Kevin Dietsch/UPI | License Photo

July 7 (UPI) -- Longtime golf rivals Phil Mickelson and Tiger Woods are attempting to set up a head-to-head matchup with $10 million on the line.

Mickelson told Golf.com about the matchup on Thursday, saying that negotiations are still underway. Mickelson also said that the matchup was originally planned for July 3 in Las Vegas and was a primetime TV special.

The negotiations also involve a major television network and several corporate entities, according to the report.

"We're working on a different date," Mickelson told Golf.com. "I thought it was done for the 3rd but obviously it wasn't."

"The excitement that's been going on around here, it gets me thinking: Why don't we just bypass all the ancillary stuff of a tournament and just go head-to-head and just have kind of a high-stakes, winner-take-all match," Mickelson told reporters at the Players Championship.

"Now, I don't know if he wants a piece of me, but I just think it would be something that would be really fun for us to do, and I think there would be a lot of interest in it if we just went straight to the final round."